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20121201
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Search Results 0 to 17 of about 18 (some duplicates have been removed)
with a group of u.s. hedge funds won't need to be heard in a u.s. court. the appeals division of the new york supreme court has ruled there isn't enough connection between those events and the new york state to justify the case being held there. the court ruling noted that germany's legal system would provide an adequate alternative. certainly not the last chapter in that saga. >> no. probably not the last saga in this, either. hewlett packard has suggested the u.s. is looking into questionable accounting practices. last month's ceo meg whitman used that as the basis for a nearly $9 billion write-down. the ex ceo mike lynch continues to defend the company's accounting practices. hewlett packard, a little higher in german trade this morning. but down by 20% of its value. >> not a pretty quarter for hewlett packard. >>> brent crude has climbed above the $100 a barrel mark as u.s. lawmakers attempt to avoid the fiscal cliff. but crude is poised to post its smallest gain in three years. wti is set to post its first annual last in four years. ian, welcome. we've seen this sharp decline in oil pric
austerity pross. in a piece called "god sieve the british economy" in the upcoming "new york times" magazine adam davidson writes "in the past two years the united states has experienced a steep downturn followed by steady though horrendously slow upturn. the british economy, however, is profoundly stuck. the u.k. has been put on negative watch on three largest credit rating agencies. the european union is britain's largest trading partner, europe's economy remains on prepares you footing despite several months of relative calm and there's a growing debate abt whher e u.k should lead the e.u. earlier this month we covered the "economist" magazine read "good-bye europe, look what happened when britain left the e.u. " i'm pleased to have george osborne back on this program and back at this table. >> thank you very much. >> rose: you're in new york city for a speech at the manhattan institute. >> i did that last night and had some meetings on wall street, seeing them there later. >> rose: so what's your message about the british economy to manhattan institute as well as the mayor and wall stree
've been investing for around 20 years, he says. compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone through booms and busts, but have never gained the stad temperature of the economy. now the world's second largest. the problem is, people don't trust what they're buying. that reality was exposed by a accounting scandals in the u.s., involving new york listed chinese companies currently under scrutiny by the securities and exchange economic oh sec. >> the chinese regulatory authority only do themselves a disfavor by not being more cooperative with other international regulators such as the s.e.c. and then investors back home here will pick up on th
, but they have found an unlikely protector in a man named eric goode. some of new york city's hottest hotels, restaurants, and bars are owned by eric goode. >> eric goode: hello. i need to say hello to people i haven't said hello to. hi. >> stahl: that's made him rich and comfortable with the glitterati and fashionistas. but behind the scenes, he caters to a far less glamorous clientele-- endangered turtles and tortoises. how did the whole interest, if not obsession, with turtles and tortoises begin? >> goode: as a child at six, >> stahl: at six? >> goode: i was given a small herman's tortoise, and that created a budding interest in the natural world, and in reptiles and snakes and lizards, and in my hard-shelled friends that i just fell in love with. and so it was a progression. >> stahl: it's an obsession that takes him as far from the glitz of the new york scene as imaginable. he wades through swamps, turns over rocks, wrangles exotic snakes and other reptiles, as he searches for his first love. >> goode: what a beautiful tortoise. this is our first psammobates tentorius trimeni. >> stahl
you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she ha
minneapolis who wrote an opinion piece, an op ed in "the new york times," and a protection racket where people are controlled by organized criminals, corrupt politicians. when you hear the head of the nra today say that gun laws are not the answer it really is arming people, arming somebody in that school that could have saved lives, what is your response? >> well, we -- of course, should focus on mental health issues. we should have fewer violent movies and video games and have better security in our schools, but nothing is going to change the fact that the last thing those children saw if they looked up, and i hope they didn't, is the end of a weapon manufactured by his financial backers. lapierre says if one of those teachers had a weapon they could have killed the gunman and could have saved lives and that was the potential outcome had there been someone armed in that school. >> we could always speculate about potential outcomes, but to have more weapons in the schools, particularly in the hands of people other than trained law enforcement, i think, is a very dangerous thing. the point i m
these negotiations. >> i've had conversations with people in new york and working on trade floors. what i've been told by them is there is a huge number of meetings going on around closed doors avoiding all cameras. there has to be a solution. both parties would be blamed if they didn't have a solution. so we know there's going to away solution. it's just what solution is it going to be? >> is it fair to say a grand bargain is off the table? >> or maybe a solution for a few months just to keep it going pap complete collapse is not acceptable. it's not an option. but maybe prolonging this for another three or four months and maybe having longer discussions about it may be the only solution they can come to. >> we're talking about how taxes could potentially go up for 98% of americans. is it going to be an issue of if and when that happens, if they don't reach even a short-term solution, that you really feel it at that point? >> because we have seen alg bit of a recovery in the u.s., up until this point. and people have been feeling more positive. but if you look at the retail numbers and you look
for us in zurich. how will this pan out, carolyn? >> well, this is all based on reports in the "new york times" that came out overnight, ross. and the most interesting piece of information in that report at least i think is the fact that the fine for ubs in connection with the libor investigation could be higher than that that was given to barclays in the summer. remember, barclays paid $450 million to settle that libor probe. and at the time that was a record fine. so now the new york teams is talking about a fine that could be even higher than that. ubs in zurich told me they have no further comment beyond the fact that they have been fully cooperating with regulatory and enforcement authorities in this libor investigation. so we didn't get any confirmation from ubs whatsoever. but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus t
. southern england was in debt. now it is the opposite. similarly, you have new york state in surplus, washington state in surplus. illinois, the dakotas in debt. missouri is your equivalent of in greece, a permanent bailout. the thing is, whereas markets are amazing institutions for allocating existing goods and services among consumers, they are chronically bad at creating a balance between deficit and surplus regions. a geographic problem, and intertemporal. remember -- if that comes first, suddenly the money lender who later becomes a banker who later becomes wall street plays a hugely significant role in this process. the banker is the conduit of that recycling mechanism. when they get an increase in proportion as the result of their mediation of that process. given that, a failure of the banker is not the same thing as the failure of a clothes maker. suddenly, there are two things that must happen. one, society will demand that banks are not allowed to go to the wall. then bankers are affectively given carte blanche, free money for themselves. and the whole mechanism breaks do
already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about hiring another 2,000 jobs. and if they get an increase in earnings, another record year. >> they're extremely well positioned. they're in the sweet spot of the global economy, where thes fastest growth is to some extent. asia, indonesia, africa. they have a very strong balance sheet. so they're in the position to really gain market share even in the context of a slightly slowing macro picture. but interestingly since the third quarter ims, we heard today from standard chartered again and they were quite upbeat particularly for the likes of singapore and i sandia and so forth. so outlook for revenue is actually quite positive and it's on quite a low multiple and could easily rerate to
deal with being in new york and the reasonably high temperature. >> we keep him in the air conditioning. >> where do you keep him at night? >> in a hotel room. >> i'm dead serious? >> i wouldn't lie about that. >> do you sleep? >> not much. they put me in another room. >> do you ever get scared of these? >> no. >> the sad thing about this coat, piers, a guy got $80,000. >> for this coat right here. >> this animal. >> that's the tragedy. >> today it is. in the old days i is one thing, but today it is useless. >> so beautiful. >> it is beyond any animal that i have worked. the snow leopard represents what endangered species are all about. >> what a shame it is -- in a few years it could be all over. >> but right now he also has a chip in his him. he will go to the ssp with the zoo association. >> this is the uglier market. >> this is an animal that has been used by settlers and pioneers the beaver. >> this is the beaver that bit you. >> this is a beaver but not exactly like this. ever touch a beaver? >> no. >>. >> is it wieds given. >> back here you can touch him. >> i just picked him up
mary, daughter of railroad tycoon eh harriman, who headed the eugenics record office in new york, saying quote, the pfizer team is going to be a purifying conflagration one day, unquote. his prophecy would come true only 20 years later at a cost of millions. fairly easy for governments to manipulate public health, medicines and doctors for purposes of quote family planning. this soon led into policies about colonial possessions and citizenship. peoples of egypt, india, algeria and africa clearly did not fit the progress is a view of educated elite. and by their definitions, were close to quote life unworthy of life, unquote. but these trends would marinate for a decade. in the meantime, american prosperity continued spreading to the rest of the civilized world. american advertisers, film, even literature became highly desired in europe. it's another irony of this time, american movies followed a production code that emphasized universal american themes of patriotism. god, fair play, and they avoided sensationalism, sexual situations and other taboo vices. american movies sold ame
and fiscal issues. see it live starting at 10 a.m. on c-span. >> we're at the new york state museum. this is our gallery that's dedicated to the history of september 11th and the attacks in new york at the world trade center. we decided with the gallery to tell the story, um, for the first moments of the attacks using objects and photographs from the world trade center site. this is a piece of steel from the south tower, world trade center floors 7-9. we put it in a place where the public can actually come and touch it. it gives the visitor a real tangible experience. this is a piece of steel from the north towers, floors 31-7 -- 71-74. this is a dramatically bent piece of steel. it's -- this is within ten floors of the impact of flight 11 from the north tower, and, again, you can see the openings where the windows would have been and pieces of this metal strip that would have held the aluminum clad on the front of the building. every piece of steel is marked so you know which building, which floor and which side of the building it's on. so we research that. this one we picked becau
. >> you've had a pretty -- i shouldn't say you, but there's been a rather -- "the new york times" called the new leaders of china a meritocracy of mediocrity and there's been a lot of talk and a new generation of leaders who haven't necessarily earned their stripes. i'm just wondering your answer to that. >> there is talk about the last 10 years being the last decade were nothing much happened. but you know, if you turn that around a little bit and i admit there's a lot of problems and many things were insulted that they said we can ride in the script now. but it was an amazing tenures nonetheless. but other countries had a 10% growth rate? person instabilities, but other countries manage to build more high-speed rail in the entire world? infrastructure and things like that. so it is easy to say these are linked uninteresting leaders. but when you look at the actual record, it's not that. so i think it's decidedly true the first of all it's hard to understand china in any terms, but if you can't maintain two opposite things happening at once, it's really difficult to understand what's go
to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> which is
groups. >> an article in the "new york times" referenced the rape capital of the world comment, and he asked the question, what strategic purpose is there of putting an ak-47 assault rifle inside a woman and pulling the trigger or cutting out a woman's fetus and making her friends eat it? the government's response has been a shrug. that is diabolical. and yet, we are funding on a yearly basis $480 million into this country that allows this horrendous abuse to go on. it appears we do it with full knowledge of the extent of these rapes, and we're not holding them accountable. it is like giving an addict more dope. how do we justify it? >> the funding the defense department is providing is for the training and education that would instill discipline to prevent this very kind of horrific behavior. it is absolutely unacceptable. the funding but supported for specific programming to prevent this from happening from the congolese military. the rebel groups, that is another problem. there is outrageous and unacceptable things happening. our programs are aimed to ensure that does not happen. >
on pricing. so for more we're joined by daniel i've, senior analyst at fbr capital markets from new york. good morning. strong set of numbers from oracle. what's the read through for the rest of the market? >> it's a great read-through, especially for q4. a lot of nervousness out there. they came through with strong numbers, and it bodes well for overall technology going into 2013. >> want to look at the details here. particularly the hardware versus software shift. now, oracle, of course, the software business continues to did well. hardware, they bought sun microsystems for, what, $5 billion, $5.6 billion a couple of years ago. and that division has posted a drop in revenue every quarter since. are we to believe that they'll finally show growth here come march? >> a good question. look, the software, you know, at this point, that's the meat and potatoes. a new software license up 10% organically. you looked real strong. that's the focus for investors. the hardware continues to be a work in progress. again, they're focusing on the more profitable areas. the key is they still expect that
Search Results 0 to 17 of about 18 (some duplicates have been removed)